Blockchain
Renewable Energy Token (RET) Is Now Available for Trading on LBank Exchange
Internet City, Dubai–(Newsfile Corp. – April 29, 2022) – LBank Exchange, a global digital asset trading platform, has listed Renewable Energy Token (RET) on April 28, 2022. For all users of LBank Exchange, the RET/USDT trading pair is now officially available for trading.
Figure 1: Renewable Energy Token (RET) Is Now Available for Trading on LBank Exchange
While the renewable energy industry is surging worldwide, the problem of data integration and distribution hinders the progress of its market. To address this issue, Renewable Energy Chain (REC) proposes a blockchain-based integrated data platform for the global energy landscape, with an ecosystem that includes smart electronic generator, infranet, reward system, NFT, and many more. Its native token Renewable Energy Token (RET) has been listed on LBank Exchange at 14:00 (UTC+8) on April 28, 2022, to further expand its global reach and help it achieve its vision.
Introducing Renewable Energy Chain
Renewable Energy Chain (REC) is a project that aims to discover the value of renewable energy through digital transformation. Starting with research and development of smart electronic generators in 2015, REC has achieved core success in the renewable energy industry. It will create an industrial efficiency and eco-friendly ecosystem through REC Infranet’s blockchain information to help the world’s troubled power plant environment, air pollution issues, consumers’ costs, and business owners operate more effectively.
The advantage of REC’s generator is that when operating renewable energy, it needs small power to be compared to the consumption of conventional renewable energy motors and generators. Through this, it will play a big role as a part of the next-generation eco-friendly energy industry.
There is also REC Infranet that collects various data related to the renewable energy industry from participants in the REC ecosystem participants. Its data store consists of private storage (off-chain) and public blockchain (on-chain) due to the large amount of data to be collected from REC plants, which reduces the ideal of complete storage on the blockchain. Accordingly, information on data ownership, user authentication, payment, and management of rewards and deposit pools is selectively stored in the blockchain, and the remaining data items are stored off-chain.
The ecosystem of REC includes both current participants and those who can contribute indirectly to the future. Smart electronic generator owners play an important role in accumulating information in the REC ecosystem. EPC provides warranty services for defects that occur after installing electronic generators, and O&M experts provide general operation and maintenance services. For both existing and potential REC investors, REC Infranet will provide more accurate and objective information for asset management. In addition, companies in DEFI, manufacturing, and insurance, as well as governance functions, can benefit from large-scale data accumulation. There is also NFT calculating the value of REC generated and utilized in power through technical analysis. With this, general users can participate in the ecosystem of REC and obtain a part of REC.
As a blockchain-based integrated data management system and a distributed energy data platform, REC will continue to establish collaboration and network expansion among ecosystem participants to make a next-generation breakthrough in the renewable energy industry.
About RET Token
The Renewable Energy Token (RET) is a unified currency used for access to data and related services provided within the borderless REC ecosystem. Based on Klaytn, RET has a total supply of 8 billion (i.e. 8,000,000,000) tokens, of which 60% is provided for REC network, 10% is provided for token sale, another 10% is allocated to the team and partners, another 10% will be used for marketing, and the rest 10% is provided for REC operation.
RET token has been listed on LBank Exchange at 14:00 (UTC+8) on April 28, 2022. Investors who are interested in Renewable Energy Chain investment can easily buy and sell RET token on LBank Exchange right now. The listing of RET on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about RET Token:
Official Website: https://recchain.io/en/
Listing Announcement on LBank Exchange: https://support.lbank.site/hc/en-gb/articles/6113579376409-RET-Renewable-Energy-Token-will-be-listed-on-LBank
About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.
Start Trading Now: lbank.info
Community & Social Media:
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Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
PR Contact:
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[email protected]
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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